Mary T. Barra - 28 May 2024 Form 4 Insider Report for General Motors Co (GM)

Role
Chair & CEO, Director
Signature
/s/ Tia Y. Turk, Attorney-In-Fact for Ms. Barra
Issuer symbol
GM
Transactions as of
28 May 2024
Net transactions value
-$16,014,247
Form type
4
Filing time
30 May 2024, 18:33:42 UTC
Previous filing
02 Apr 2024
Next filing
12 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GM Common Stock Options Exercise $11,205,348 +326,306 +22% $34.34 1,824,954 28 May 2024 Direct F1
transaction GM Common Stock Sale $14,109,471 -326,306 -18% $43.24 1,498,648 28 May 2024 Direct F2
transaction GM Common Stock Options Exercise $313 +10 +0% $31.32 1,498,658 28 May 2024 Direct
transaction GM Common Stock Sale $437 -10 -0% $43.70 1,498,648 28 May 2024 Direct
transaction GM Common Stock Sale $13,110,000 -300,000 -20% $43.70 1,198,648 28 May 2024 Direct
holding GM Common Stock 265,028 28 May 2024 By GRAT

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GM Employee Stock Option (Right to Buy) Options Exercise $0 -326,306 -50% $0.000000 326,305 28 May 2024 Common Stock 326,306 $34.34 Direct F3
transaction GM Employee Stock Option (Right to Buy) Options Exercise $0 -10 -100% $0.000000* 0 28 May 2024 Common Stock 10 $31.32 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Includes 119,972 shares that were previously reported as indirectly beneficially owned by a GRAT, which were distributed and became directly owned by the reporting person on May 27, 2024, after which the GRAT terminated.
F2 The price in Column 4 is the weighted average selling price of the shares. The shares were sold in multiple transactions at prices from $42.85 to $43.73, inclusive. The Reporting Person undertakes to provide to the SEC, GM and any security holder, upon request, full information regarding the number of shares sold at each price point within the ranges set forth in this footnote.
F3 The stock options were granted on June 7, 2017, and vested in three equal installments on February 14, 2018, February 14, 2019, and February 14, 2020.
F4 These stock options were granted on July 28, 2015. Forty percent of the options became exercisable on February 15, 2017; the remaining 60% became exercisable in three equal installments on February 15, 2018, February 15, 2019, and February 15, 2020.